Welcome to your daily briefing on real estate developments in Ohio. Today we're covering 10 key stories including updates on ohio real estate headlines, ohio real estate updates, background & context. Let's dive in.
Listen to today's briefing(5:37 min)
5 stories
An online directory providing access to Ohio public records has been compiled for users seeking government-recorded information.
Real estate professionals in OH can leverage this centralized resource to streamline title research, verify ownership history, and expedite due diligence on property transactions.
The Franklin County Building Department issues permits for 1-, 2-, and 3-family residential structures and associated development, while Ohio's state government handles commercial building permits.
Real estate professionals in OH need to know which level of government handles permitting to avoid delays in residential development timelines and ensure compliance with the 2019 Residential Code of Ohio.
The Willcut Group explains that most real estate agents charge 5-6% of a home's sale price, typically split between the buyer's and seller's agents, and notes these rates are negotiable.
For Ohio real estate professionals, understanding standard commission structures helps set client expectations and remain competitive in local markets.
HomeLight breaks down the average Ohio real estate commission rate and what sellers typically pay Realtors to close a deal.
Understanding typical commission structures helps Ohio agents better educate clients and competitively position their services.
Building permits in Franklin County are required for construction and are typically issued 7 to 10 days after full plan approval for properties with public water and sewer access.
Real estate professionals in OH can set accurate client expectations on project timelines and avoid deal delays by understanding Franklin County's permit issuance process.
Reach real estate professionals in this market
2 stories
A building permit authorizes contractors or homeowners to begin work described in project plans, requiring submission of an application and any accompanying plans for approval.
OH real estate professionals can better advise clients on project timelines and feasibility by understanding Columbus's permitting process from application through approval.
Franklin County consolidated property information from multiple county offices into a single online resource covering property taxes, parcel search, real estate filings, and records search.
Real estate professionals in OH can streamline due diligence and client service by accessing unified county property data rather than navigating separate offices.
3 stories
Even after a clean title commitment, four issues commonly surface post-close: undisclosed easements (often utility), boundary discrepancies between deed and survey, unreleased mortgages from prior owners, and mechanic's liens filed within the lookback window. Owner's title insurance covers most of these; lender's policy alone does not.
The cost difference between owner's and lender's title insurance is one-time and small; the cost of resolving a title defect without owner's coverage is often five figures.
Most OH jurisdictions allow appeals in a narrow annual window after assessments mail. The strongest appeals lead with three comparable sales from within 6 months and a half-mile radius, and explicitly address why the subject differs from the assessor's comp set — typically condition, location, or improvements that were over-counted.
Successful appeals reduce the assessed value for the appeal year and often reset the baseline for future years. Even a 10% reduction compounds over a decade of ownership.
A 1031 like-kind exchange has three hard clocks: the 45-day identification window, the 180-day close window, and the same-taxpayer rule (the entity selling and buying must match). Missing any one of these collapses the deferral, exposing the full gain to tax. The most-missed is the same-taxpayer rule when LLCs change membership mid-exchange.
The tax exposure on a busted exchange is the full long-term capital gain plus depreciation recapture — often 25-30% of the basis difference. Process discipline is the only protection.
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